Talbot Financial LLC Has $49.74 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Talbot Financial LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,918 shares of the e-commerce giant's stock after buying an additional 5,871 shares during the quarter. Amazon.com makes up approximately 6.1% of Talbot Financial LLC's investment portfolio, making the stock its 3rd largest position. Talbot Financial LLC's holdings in Amazon.com were worth $49,735,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMZN. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth about $69,000. Innealta Capital LLC bought a new position in shares of Amazon.com in the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock valued at $84,000 after purchasing an additional 199 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock traded up $3.72 during midday trading on Tuesday, reaching $199.50. 30,396,990 shares of the company's stock traded hands, compared to its average volume of 41,265,875. The firm has a market capitalization of $2.09 trillion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a 50-day moving average price of $185.23 and a two-hundred day moving average price of $183.89. Amazon.com, Inc. has a 52 week low of $138.36 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.98 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. TD Cowen lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday. Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Friday. Loop Capital raised their price target on shares of Amazon.com from $750.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Scotiabank increased their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research report on Friday. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.48.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.